No Fax Payday Advance Loan

Hard on cash and midway through the month….have some urgent bills to pay or some unforeseen liability and lots of paper work letting you down? Don’t worry; no fax payday advance loans are there to help you. In this article let’s know more about the process and the eligibility criteria of the loan and how to get the best deal.

Some of the basic criteria to apply for the no fax pay day advance are that you need to be above 18 years of age, have steady source of income, and have an active checking account in any bank.

As the name suggests, a no fax payday loan involves no paper work, which enables the lender to approve and sanction the money on the same day. Let’s take a look at the application procedure. Once you fulfill the basic criteria, you can apply for the loan over the phone or online or directly visit the lender at the payday loan store. Once you submit the basic documents like the salary slip, last bank statement and the age proof, the lender will check the documents for the authenticity and then process the loan. Generally the range of the loan is $100 to $1,500, based on your repayment capacity. You will be charged nominal processing fees of $10 to $30 for every $100 borrowed. The tenure of the loan ranges from 4 to 18 days but you should be ready for paying extra interest if you roll over, that is extend the loan.

Before you apply for no fax pay day advance loan, make sure that you do exhaustive market research about the lender and his background. Make sure that the lender has a good record in the lending business. You will have to compare a few lenders to get the best deal.

The no fax pay day loan is very suitable for people who have no time for the tiring paperwork and need quick cash.

Payday fast are short term direct payday loans obtainable against your salary check. To get a loan such as this, all you need to do is fill up an application form and get an approval in just a few minutes.